current asset

current asset
current asset current asset asset

* * *

current asset UK US noun [usually plural] (also circulating asset)
FINANCE, PRODUCTION an asset such as cash, raw materials, parts, or products that are still being made, which a company will use up or sell during the same year: »

Some current assets are needed to maintain company operations and would not normally be available to meet short-term obligations.


The company's current asset level is up from $2.9 billion at the start of the year.

Compare FIXED ASSET(Cf. ↑fixed asset), CAPITAL ASSET(Cf. ↑capital asset)

Financial and business terms. 2012.

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